M&A Deal Summary

Astorg Partners Acquires Sofico

On November 21, 2023, private equity firm Astorg Partners acquired software company Sofico from Apheon

Acquisition Highlights
  • This is Astorg Partners’ 5th transaction in the Software sector.
  • This is Astorg Partners’ 4th transaction in Belgium.

M&A Deal Summary

Date 2023-11-21
Target Sofico
Sector Software
Buyer(s) Astorg Partners
Sellers(s) Apheon
Deal Type Secondary Buyout
Advisor(s) Allen & Overy (Legal)

Target

Sofico

Gent, Belgium
Sofico is a supplier of mission-critical software solutions for automotive finance, leasing, fleet, and mobility management companies, and its software is used by a broad range of renowned automotive mobility and financial services companies all over the world. Sofico was founded in 1988 and is based in Gent, Belgium.

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Buyer(S) 1

Buyer

Astorg Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 22.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Astorg Partners is a private equity firm that targets small to midcap company investments primarily in France and to a limited extent, Western Europe. Astorg Partners looks for companies valued between €400 million and €2 billion, requiring at least €15 million in equity. Areas of interest include healthcare, retail, distribution, hospitality, and professional services. Prospective transaction situations include leverage build-ups, divestitures, family transitions, and secondary buyouts. Astorg Partners was formed in 1998 and is based in Paris and has additional offices in London and Luxembourg.


DEAL STATS #
Overall 64 of 67
Sector (Software) 5 of 5
Type (Secondary Buyout) 35 of 37
Country (Belgium) 4 of 4
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-01 Fastmarkets

London, United Kingdom

Fastmarkets is a provider of real-time metals market information. Fastmarkets is used by non-ferrous and precious metals traders and risk managers every day as an important workflow tool. Through its online platform, it provides over 120 proprietary price assessments, combined with exchange data including futures prices from the world’s largest commodity exchanges such as the LME and the CME. It provides coverage of non-ferrous physical premiums plus supporting treasury data supported by market commentary including webcasts directly from the LME floor. Fastmarkets’ respected service also delivers daily technical and fundamental reports to its users. Fastmarkets was founded in 1882 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-26 Steliau Technology

Montrouge, France

Steliau Technology is a distributor of electronic components. The Company’s customer base consists of OEMs across a wide range of industries and end-markets. Steliau supports its customers through co-design and customization of components, subassembly, assembly as well as distribution of electronic solutions, notably within embedded systems, connectivity and power systems. Steliau Technology was founded in 1992 and is based in Montrouge, France.

Buy -

Seller(S) 1

SELLER

Apheon

Brussels, Belgium

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 2.8B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

Apheon is a generalist private equity firm that invests in middle-market companies throughout the Benelux, Italy, Iberia, France, and Switzerland. Ergon looks to invest €25 to €75 million in businesses with sustainable competitive advantages and operating in 'attractive' niche markets. Apheon was formerly knowns as Ergon Capital Partners. The Firm was formed in 2005 and is based in Luxembourg.


DEAL STATS #
Overall 17 of 17
Sector (Software) 1 of 1
Type (Secondary Buyout) 12 of 12
Country (Belgium) 5 of 5
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 Sausalitos Holding

Munich, Germany

Sausalitos Holding is a cocktail bar and restaurant chain based on a unique concept of innovative cocktails and high-quality Californian-Mexican cuisine served in a trendy and friendly atmosphere, catering more than 5 million customers every year. Sausalitos Holding was founded in 1994 and is based in Munich, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-05 Fiabila

Maintenon, France

Fiabila is a cosmetics CDMO specialized in the development, manufacturing and packaging of nail polish and nail care products. Fiabila was founded in 1977 and is based in Maintenon, France.

Buy -